Oceania Healthcare (ASX:OCA) report no COVID-19 cases at their facilities

Company News

by Rachael Jones

Aged care homes operator Oceania Healthcare (ASX:OCA) has reported that no COVID-19 have been recorded in their facilities.

Oceania also announced they’ve secured an additional $70 million of banking facilities from existing bank lenders, providing additional financial flexibility, totalling $110.9 million in headroom which the company says is sufficient to weather further macroeconomic risks.

The company stated the funding position ensures development projects can be progressed in a prudent manner.

Shares in Oceania (ASX:OCA) last traded at 71 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.